To lose one director in December is unfortunate but to lose two looks like carelessness but that is what Volex (VLX) managed, parting company with its FD after just 18 months in the job and with a well-respected NED – with immediate effect - on New Year’s eve. The truth is that this is just not a very good company - my pal Paul Scott put it more succinctly the other day in an enthusiastic daily Stockopedia report. At 70.5p, capitalised at £64 million it is a slam dunk sell.
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